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Author Question: Who operates and controls a corporation in its day-to-day activities? A) employees B) ... (Read 43 times)

moongchi

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on: Jun 29, 2018
Who operates and controls a corporation in its day-to-day activities?
 
  A) employees B) stockholders
  C) the board of directors D) management

Question 2

How are the products sold by a monopolistically competitive firm different from the products sold in a competitive market?
 
  What will be an ideal response?


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Rilsmarie951

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

In a competitive market, the products sold by each producer are identical to the products sold by other firms. In other words, the products sold in a competitive market are homogeneous and are perfect substitutes for each other. However, in a monopolistically competitive market, the products are differentiated. The products are close substitutes but are not identical.


moongchi

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

recede

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Reply 3 on: Yesterday
Excellent

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